Municipal Employees Retirement System of Michigan lifted its stake in shares of Harsco Corporation (NYSE:HSC) by 59.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,090 shares of the industrial products company’s stock after purchasing an additional 11,160 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Harsco were worth $629,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of HSC. Federated Investors Inc. PA lifted its holdings in Harsco by 1.7% in the second quarter. Federated Investors Inc. PA now owns 7,678 shares of the industrial products company’s stock worth $124,000 after acquiring an additional 132 shares during the last quarter. US Bancorp DE lifted its holdings in Harsco by 0.5% in the second quarter. US Bancorp DE now owns 33,305 shares of the industrial products company’s stock worth $536,000 after acquiring an additional 157 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Harsco by 0.7% in the second quarter. The Manufacturers Life Insurance Company now owns 62,856 shares of the industrial products company’s stock worth $1,011,000 after acquiring an additional 448 shares during the last quarter. Texas Permanent School Fund lifted its holdings in Harsco by 0.9% in the second quarter. Texas Permanent School Fund now owns 58,549 shares of the industrial products company’s stock worth $943,000 after acquiring an additional 497 shares during the last quarter. Finally, Amalgamated Bank lifted its holdings in Harsco by 5.8% in the second quarter. Amalgamated Bank now owns 11,536 shares of the industrial products company’s stock worth $186,000 after acquiring an additional 634 shares during the last quarter. 81.45% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on HSC shares. Zacks Investment Research raised shares of Harsco from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Friday, November 10th. BidaskClub cut shares of Harsco from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Jefferies Group reissued a “buy” rating and issued a $19.00 target price (up previously from $18.00) on shares of Harsco in a report on Wednesday, August 9th. Argus raised shares of Harsco from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Friday, September 15th. Finally, ValuEngine cut shares of Harsco from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. Harsco currently has an average rating of “Buy” and an average target price of $20.00.

Harsco Corporation (HSC) traded down $0.15 on Friday, hitting $17.90. The stock had a trading volume of 423,617 shares, compared to its average volume of 480,663. The company has a market capitalization of $1,452.02, a PE ratio of 26.16 and a beta of 3.10. The company has a debt-to-equity ratio of 2.87, a quick ratio of 0.83 and a current ratio of 1.30. Harsco Corporation has a 52 week low of $11.40 and a 52 week high of $22.00.

Harsco (NYSE:HSC) last released its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.04. The company had revenue of $384.65 million for the quarter, compared to analysts’ expectations of $398.85 million. Harsco had a return on equity of 32.46% and a net margin of 1.69%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 earnings per share. equities analysts forecast that Harsco Corporation will post 0.68 earnings per share for the current fiscal year.

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Harsco Profile

Harsco Corporation is a provider of industrial services and engineered products. The Company operates in three segments: Harsco Metals & Minerals, Harsco Industrial and Harsco Rail. The Harsco Metals & Minerals segment provides outsourced on-site services to the global metals industry, with the operations focused in the United States, the United Kingdom, France and Brazil.

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Institutional Ownership by Quarter for Harsco (NYSE:HSC)

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